Universal Energy Corp., a growth oriented U.S. oil and gas exploration and production company, announced today that a world renowned processing and development services provider has been selected to reprocess the proprietary seismic data at the Company’s Lone Oak prospect. The processing techniques will take four to six weeks to complete and will provide the [...]
Geovic Mining Corp. announced the appointment of Conrad B. Houser to the position of Senior Vice President, as well as President of Geovic Energy Co., a wholly-owned subsidiary.
Mr. Houser has more than 25 years experience in international mining activities, including project management, strategic planning, finance, administration, mine design, environmental permitting, compliance, and marketing. Additionally, as [...]
Universal Energy Corp., an emerging U.S. oil and gas exploration and production company, announced today that gas and oil production quantities increased for the seventh consecutive month in July 2008. July 2008 production increased 83 percent over the first month of the second quarter 2008 which was also a 52 percent increase over the average [...]
Gulf Onshore, Inc. announces mid-month oil production figures.
As of August 17, 2008, Gulf Onshore has 627 BO gauged and in the Company’s tank batteries for pick-up from its leases in Throckmorton Co. and Shackelford Co., Texas; an additional 168 BO has already been sold in August 2008. Revenues from August 2008 oil sales will be [...]
Gulf Onshore, Inc. announced that its Board of Directors has appointed R.Wayne Duke, Earl Moore and Mark Smith as directors. The board also appointed Mr. Moore as Chief Executive Officer and Mr. Smith as Chief Financial Officer. Dean Elliot has resigned as an officer and director for personal reasons. The Company has also formed a [...]
Universal Energy Corp., an emerging U.S. oil and gas exploration and production company, announced today that gas production has continued increasing at both Caviar #1 and Caviar #4 since initial production began in July.
“We will continue to open up the wells and increase flow as we work them into their final production levels,” commented Billy [...]
Universal Energy Corp. is reported to have announced to the public that today the first test well at Lone Oak was not found to contain enough hydrocarbons for commercial production at this time. “Lone Oak #1 was the first of a four well package and we have already begun preparations to drill the second well,” [...]
An emerging U.S oil and gas exploration and production company, Universal Energy Corp, published an update on drilling operations at its lone oak prospect in Galveston Bay, Texas. As of this morning, drilling at Lone Oak has reached a measured depth of 11,975 feet. Drilling is scheduled to be complete later this week to the [...]
Universal Energy Corp., announced an update on drilling operations at its Lone Oak prospect in Galveston Bay, Texas. Installation of 7 5/8″ intermediate casing is now complete to a total measured depth of 11,470 feet. Drilling will commence later in the week to the target measured depth of 12,615 feet.
Billy Raley, Chief Executive Officer of [...]
Universal Energy Corp., announced today that drilling at its Lone Oak prospect in Texas is progressing. The proprietary 3-D seismic with the corresponding subsurface well control provides excellent objectives for this drilling program. “We are pleased with the progress of the well,” commented Billy Raley, Chief Executive Officer of Universal Energy Corp. Raley continued, “Our [...]
